Data as of . Every figure is the buffer desk's own, on published data.
BAPR vs FAPR
Innovator U.S. Equity Buffer ETF - Apr and FT Vest U.S. Equity Buffer ETF - April, side by side on the buffer desk.
Open the live comparison on ETFIQ| BAPR Innovator U.S. Equity Buffer ETF - Apr | FAPR FT Vest U.S. Equity Buffer ETF - April | |
|---|---|---|
| Issuer | Innovator | First Trust |
| Reference index | SPY | SPY |
| Buffer | ||
| Outcome period | Mar 31, 2026 to Mar 31, 2027 | Apr 20, 2026 to Apr 16, 2027 |
| Days left | 208 | 224 |
| Starting cap | +18.5% | +15.2% |
| Can still gain | 6.0% | 8.0% |
| Fall before buffer | 10.6% | 6.3% |
| Protection left, index points | 9.0% of 9.0% | 10.0% of 10.0% |
| Index return this period | +18.4% | +8.5% |
| Fund return this period | +11.4% | +5.8% |
| State today | Open | Open |
| Expense ratio | 0.79% | 0.85% |
BAPR in plain words
From its price on Sep 4, 2026, the fund can gain about 6.0% more before it reaches its cap. The fund's price can fall 10.6% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 15.6% from today's level to the point where the buffer begins. Protection left, in index points: 9.0% of the 9.0% buffer still sits below today's SPY level. 208 days remained on Sep 4, 2026. On Mar 31, 2027 the period ends and a new cap is set.
FAPR in plain words
From its price on Sep 4, 2026, the fund can gain about 8.0% more before it reaches its cap. The fund's price can fall 6.3% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, SPY can fall 7.8% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's SPY level. 224 days remained on Sep 4, 2026. On Apr 16, 2027 the period ends and a new cap is set.
Questions people ask
- Which has more room to gain, BAPR or FAPR?
- From their prices on Sep 4, 2026, BAPR can gain about 6.0% before its cap and FAPR about 8.0%, so FAPR has more room left this period.
- Which resets first, BAPR or FAPR?
- BAPR ends its outcome period on Mar 31, 2027 and FAPR on Apr 16, 2027. A new cap is set the day after each.
- Which is cheaper, BAPR or FAPR?
- BAPR charges 0.79% a year and FAPR charges 0.85%, so BAPR is cheaper. Fees come from each fund's prospectus.
Other comparisons
Cite this page. ETFIQ, BAPR against FAPR, data as of Sep 4, 2026. https://etfiq.com/compare/buffer/BAPR-FAPR.html Free to use with attribution; the underlying files are at Open data.
ETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, and it makes no recommendations; every figure here is stated arithmetic on published data. Standards and sources